JUSQU'AU 28 FEVRIER 2023 PROFITEZ DE PRIX DE FOLIE SUR TOUTES NOS COLLECTIONS DE TIMBRES
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German Federal Bank (Deutsche Bundesbank)
The Bank of Germany has replaced the Bank deutscher Länder, an organization created in 1948 that was responsible for the new national currency, the Deutsche Mark. The year 1957 thus marks the founding of the Bank of Germany whose headquarters are in Frankfurt am Main. It actively participates in the Eurosystem.
The first task of the Bank of Germany is to ensure price stability and financial system. For this, many analyzes are performed and goals are set by the bank in five areas: monetary policy, financial and monetary system, banking supervision, cashless payments and cash management.
Price stability in the euro area is one of the main objectives of this organization. This especially enables growth and encouraging employment. Currency in circulation and the level of interest rates also depend on the Bank of Germany. Furthermore, the bank is working with the German authority responsible for the supervision of financial services (BAFI): both agencies control more than 2,000 credit institutions in the country and are responsible for checking their solvency system to liquidity and risk management.
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